Making Open & Instant Payments a Reality Worldwide: FIS Successes Cross Borders
September 27 2016 - 8:45AM
Business Wire
Key facts
- Real-time, open payments are closer to
reality worldwide with FIS putting new payments solutions in place
across five countries and three continents already in 2016.
- FIS is an industry leader in global
payments, with a unique ability to combine global and
market-specific solutions for financial institutions of all
sizes.
- FIS demonstrates its new Open &
Instant solutions at Sibos Geneva, 26-29 September.
Worldwide, people make more than $1.7 trillion in non-cash
payments every year. Making those payments as instant and open as
cash is a top priority for FIS™ (NYSE: FIS), a global leader in
financial services technology, and it has made great headway toward
such a goal by putting payments solutions in place around the
world.
FIS’ Open Payment Framework (OPF) and the applications derived
from this state-of-the-art technology are built to enable
customer-facing organizations to offer more insight, lower costs
and enhanced flexibility to better manage consumer adoption. OPF
already has been implemented this year by financial institutions in
Hong Kong, India and Canada to facilitate cross-border, ACH and
wire transfers, and to provide customers with a single view on all
their payments.
Meanwhile, in Australia, FIS secured several wins in the
National Payments Platform (NPP) program, which is designed to
bring real-time payments to consumers across the country. In
Australia, FIS will provide open, flexible payments support that
will move money instantly across any channel.
FIS’ OPF regional solutions, which branch from its global
standard payment hub, also will be able to support new schemes as
they appear in the Eurozone and the United States.
“Real-time payments are about more than just speed. They’re
about creating frictionless commerce, and a financial world in
which the entire payment process - from the sale and invoicing to
funds transfer to processing to reconciliation - occurs easily and
immediately,” said Anthony Jabbour, chief operating officer,
Banking & Payments, FIS. “An open payments system can also
provide opportunities for financial institutions to help both
commercial and retail customers better understand and manage their
financial picture with greater ease.”
FIS will demonstrate its ability to help banks succeed with a
full demo of new solutions around instant payments and open API
banking at Sibos in Geneva. The demo will highlight fully open and
instant ways to initiate, settle and clear payments, as well as
show the superior operations and bank liquidity insight that comes
with instant account and transaction reconciliation. Visit FIS’
booth E28 at Sibos to see these solutions close up.
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, consulting, and outsourcing
solutions. Through the depth and breadth of our solutions
portfolio, global capabilities and domain expertise, FIS serves
more than 20,000 clients in over 130 countries. Headquartered in
Jacksonville, Fla., FIS employs more than 55,000 people worldwide
and holds leadership positions in payment processing, financial
software and banking solutions. Providing software, services and
outsourcing of the technology that empowers the financial world,
FIS is a Fortune 500 company and is a member of Standard &
Poor’s 500® Index. For more information about FIS, visit
www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20160927005947/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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